Intel stock jumps on Trump praise — what tech investors watch next
Intel jumped 10.8% to $45.55 Friday after President Trump praised CEO Lip-Bu Tan and highlighted the U.S. government’s new 9.9% stake in the company. The rally lifted the PHLX semiconductor index to a record high. Wall Street awaits Tuesday’s U.S. CPI data and Intel’s Jan. 22 earnings report. Trading volume in Intel shares nearly doubled to 186.7 million.